Comments on: Make Easy Money With PayPal's Money Market Fund

By: Jim

Jim — Thu, 24 Dec 2009 03:26:08 +0000

Really? Because that should be impossible. I would contact PayPal because they have had a positive return… and it seems like you are either not signed up, or are getting cheated out of some cash

By: Johnny Rebel

Johnny Rebel — Thu, 24 Dec 2009 01:47:49 +0000

I had my pay pal money market fund account for a year and I have not made any money with it.

By: b_luk

b_luk — Mon, 07 Sep 2009 22:39:51 +0000

There is “bug” that’s been shorting paypal interest for months in % back to 2008 to now…still haven’t fixed it at all. I had around $500 sitting in the account and all I got was 2 cents. The rates have been dropping every month. Here is link to other people complaining as well.

http://www.fatwallet.com/forums/finance/806349

By: carl

carl — Tue, 30 Jun 2009 05:17:40 +0000

i have nnot did any thing like this in my life. but iam now, frist time a working man can make a buck

By: Roger Sizemore

Roger Sizemore — Sat, 30 May 2009 21:47:34 +0000

I didn’t read all the comments, so this may already have been mentioned, but the fund is not a money market based fund created by Paypal.
It’s simply a feeder to Barclays Global Investors fund.
They’re simply passing cash on hand over to Barclays, and then redistributing the gains they obtain.
I decided to stick with Fidelity. Rates are comparable after you factor in the high cost of doing business with Paypal, and you’re much safer.

By: Jim

Jim — Thu, 28 May 2009 23:48:41 +0000

With all due respect, PAPXX has no analyst coverage… and claiming they are a sell rating is just incorrect. You won’t be losing money with this one. When you understand how investments like these work, they only load up on ultra-safe securities like U.S. Treasuries. I have only read of one Money Market fund ever losing money, and that we only a percent or two in one quarter… I highly advise all of you to take your chances

By: eb

eb — Thu, 28 May 2009 13:44:51 +0000

“Money market funds don’t lose money”

Um, money market funds are not supposed to lose money, but if you read the prospectus and the warnings on the PayPal site they clearly state that you could lose your investment.
Search PAPXX which is the symbol for the PayPal Money Market Fund. It has a 96% sell rating as of yesterday.
Considering that the upside is only 0.14% and the downside is unknown, I would not recommend this as an investment, and I have opted out of the money market for my PayPal balance.
At the time this post was written this was a good investment, but currently the risks outweigh the benefits.

By: Jim

Jim — Thu, 28 May 2009 03:57:24 +0000

Who cares, 0.14% is better than 0… you’d still be a “fool” not to have your money in the PayPal Money Market Fund! Money market funds don’t lose money, and now that the global economy is strengthening that rate will soon be rising as investments begin to play out.